Air New Zealand has cited weak travel markets in Europe and Japan, escalating fuel prices and the under-performance of international networks for the erosion in its profit in the six months ended 31-Dec-2011.

Air New Zealand: “The trading environment remained uncertain and fuel prices have remained escalated. Given 2012 financial year performance to date and the global economic environment, achieving last year’s results will be a challenge,” company statement. Source: Air New Zealand, 24-Feb-2012.

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